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obama making a mistake? >> well, the rich are paying more in taxes because the rich are disproportionately receiving most of the income in this country. the reality, larry, is that in my lifetime we've actually only raised income tax rates three times. once in 1969 to pay for the vietnam war. once in 1990 when george h. bush recanted his read my lips pledge and once in 1993 when president clinton raised taxes and each time federal revenue increased. the one time when we actually cut taxes in recent memory in 2001, in 2001 but especially in 2001 federal revenue did decrease. it's a basic arithmetic between raising taxes and raising revenue. >> steve that's not what the irs shows. that's what's interesting about the tread bush tax cuts that mr. obama wants to repeal in the upper end. i'm not saying in the middle end. in the middle to lower end the same irs data shows the bottom half of taxpayers paid 6 billion less in income taxes, that's a 16% drop. 8 million of them were left off the tax roles all together b
obama making a mistake? >> well, the rich are paying more in taxes because the rich are disproportionately receiving most of the income in this country. the reality, larry, is that in my lifetime we've actually only raised income tax rates three times. once in 1969 to pay for the vietnam war. once in 1990 when george h. bush recanted his read my lips pledge and once in 1993 when president clinton raised taxes and each time federal revenue increased. the one time when we actually cut taxes...
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Dec 3, 2012
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earlier in the day president obama tweeted about this himself. he used the white house twitter account and said it's good to see a lot of folks on twitter speaking about extending the middle class tax cuts and that he'd be answering questions on the cliff at 2:00 p.m. of course we'll be monitoring that very closely and bring you the best interactions that we find. if you want to send a question to the president, all you have to do is use #my2k. >> you can do that but certainly don't switch off cnbc at the same time. >> multi-task, folks. >>> on deck -- why the fiscal escartment could put us at risk. >>> and then m.i.a., millionaires. we lay out why the cliff could have the millionaires vanishing into just thin air. >>> welcome back. i'm bertha coombs. taking a look here, dow chemical, its ceo andrew liver speaking at the company's investor forum today saying that the company is taking "swift and decisive actions to protect its growth plan and to drive near-term value." specifically, they are cutting a number of things. they've accelerated interve
earlier in the day president obama tweeted about this himself. he used the white house twitter account and said it's good to see a lot of folks on twitter speaking about extending the middle class tax cuts and that he'd be answering questions on the cliff at 2:00 p.m. of course we'll be monitoring that very closely and bring you the best interactions that we find. if you want to send a question to the president, all you have to do is use #my2k. >> you can do that but certainly don't...
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meanwhile president obama and michelle obama paid tribute to this year's recipients of the kennedy honors. they're recognized for contributions to the arts. >> when the brits in additionally kept their distance, led zeppelin grabbed america from the opening. we were ready for what jimmy called songs with a lot of light and shape. it's been said that a generation of young people survived teenage angst with a pair of head phones and a zeppelin album and a generation of parents wondered what all that noise was about. >>> in the united states today, november ism manufacturing index out at 10:00 eastern. forecast for a reading of 51. also october construction spending. expected to rise half a percent. and james bullard speaks about the monetary policy at 1:40 p.m. a pretty light day for earnings. look for results from pep boys. they are after the close. as far as u.s. futures are concerned right now, we are implied for an upward start. s&p 500 called up 1.5 points, nasdaq 20. dow has been down last two months #%. nasdaq up about 1%. s&p up 0.3%. singapore airlines has confirmed it's in talks t
meanwhile president obama and michelle obama paid tribute to this year's recipients of the kennedy honors. they're recognized for contributions to the arts. >> when the brits in additionally kept their distance, led zeppelin grabbed america from the opening. we were ready for what jimmy called songs with a lot of light and shape. it's been said that a generation of young people survived teenage angst with a pair of head phones and a zeppelin album and a generation of parents wondered what...
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Dec 5, 2012
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today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
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Nov 30, 2012
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what's obama doing with this first offer, do you think? >> i'm not exactly sure because i don't understand the economic rationale behind it. look at the world that we are in. it is a 2% u.s. growth rate. it is not the 3% we are historically used to. look what's going on in europe. look what's going on in asia, the slowdown there. look at the context at which we want to take money out of the private sector. taxes by definition is contractionary. >> for a while i wondered in first term figured look, the president sooner or later will realize he needs jobs to get re-elected so will come onboard with pro-growth stuff and jobs he was able to, you know, to be re-elected at 7.9%. now you want a legacy that shows that you had a good economy and that you got the jobless rate down. so you are going -- i'm -- maybe there's just a disconnect between whether people that work for him really understand what generates economic growth and jobs and what doesn't. and -- i mean, we will transform society in a way that maybe is more positive for him, obama car
what's obama doing with this first offer, do you think? >> i'm not exactly sure because i don't understand the economic rationale behind it. look at the world that we are in. it is a 2% u.s. growth rate. it is not the 3% we are historically used to. look what's going on in europe. look what's going on in asia, the slowdown there. look at the context at which we want to take money out of the private sector. taxes by definition is contractionary. >> for a while i wondered in first...
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major retailers unexpected, but asking president obama for intervene. and it seems justin bieber may not know his banking history. the teen idol was asked to lead a ping-pong tournament and asked why does he get the room and not us, suggesting the pop star's unaware that jpmorgan actually deceased some time ago, a jpmorgan apologized for the confusion saying bieber is welcome to play ping-pong with us anytime. any way, on to japan. to japan now. qualcomm will be taking a stake in sharp. the story for us from tokyo. >> the deal will see the two uses sharp technology. sharp will receive $61 million from qualcomm by the end of this year which wou year, but the chip maker will also make additional investment the in the future if the partnership turns out to be successful p. the nikkei reporting the total amount of investment would be around $22 million which would give qualcomm a roughly 5% stake in sharp. sharp likely to post its second consecutive net loss for the year ending in march. it has lost three quarters of its market value this year due to massiv
major retailers unexpected, but asking president obama for intervene. and it seems justin bieber may not know his banking history. the teen idol was asked to lead a ping-pong tournament and asked why does he get the room and not us, suggesting the pop star's unaware that jpmorgan actually deceased some time ago, a jpmorgan apologized for the confusion saying bieber is welcome to play ping-pong with us anytime. any way, on to japan. to japan now. qualcomm will be taking a stake in sharp. the...
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geithner is president obama's lead negotiator in the budget talks. he'll first meet with harry reid at 10:00 followed by john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then he'll meet with house minority leader nancy pelosi. president obama is signaling he's flexible on where tax rate shoes go if the wealthiest americans. return to clinton era tax rates would have house holds playing between 36% to nearly 40%. the president met with a group of ceos wednesday. they offered support for resolving the fiscal cliff crisis with a proposal that includes higher taxes for those who make more than a quarter million dollars a year. >> at this point both sides have acknowledged that there is going to be revenue concessions and there will be entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in the business context as close as they are, i would say a deal would be in reach. >> interesting. bill ford jr. agrees with blankfei
geithner is president obama's lead negotiator in the budget talks. he'll first meet with harry reid at 10:00 followed by john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then he'll meet with house minority leader nancy pelosi. president obama is signaling he's flexible on where tax rate shoes go if the wealthiest americans. return to clinton era tax rates would have house holds playing between 36% to nearly 40%. the president met with a group of ceos...
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. >> wonder what boehner and obama talked about on the phone. i think it went something like this. your mother! no, your mother. no, your mother. and then it went back and forth. your mother to infinity. >> no, i think what happened is we realize that there's been an awful lot of theatrics. >> you don't think they said your mother? >> no. >> you don't think they hurled insults at each other? >> no. >> actually, boehner was just a dial tone. you said i'm supposed to do what to myself? no, that's not boehner. >> on the economic front, i guess there are things going on. more employment data on the way. tomorrow the big jobs report and then there was the issue of the fiscal cliff. 11,000 in citigroup. i wonder if we start seeing things before next year. people are not hiring people. >> and we've talked a lot about this, ceos have already had to make their plans known to their boards. so it's had its impact. >> getner says the obama administration is only too willing to go over the qulif. cliff. do they mean marginal rates, or just rates. >> that's what's going to be worked out, the las
. >> wonder what boehner and obama talked about on the phone. i think it went something like this. your mother! no, your mother. no, your mother. and then it went back and forth. your mother to infinity. >> no, i think what happened is we realize that there's been an awful lot of theatrics. >> you don't think they said your mother? >> no. >> you don't think they hurled insults at each other? >> no. >> actually, boehner was just a dial tone. you said i'm...
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Dec 7, 2012
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president obama and boehner spoke by phone on wednesday and promised to renew the negotiations. hurricane sandy expected to put a big dent in the u.s. jobs report out at 8:30 eastern. nonfarm payrolls are forecast to have risen just 80,000, versus 171,000 in october. it would be the smallest job growth in five months. sandy which truck strustruck at of october battered the east coast, but economists expect a snap back in december. unemployment forecast to hold steady at 7.9%. and besides the jobs report, other items on the agenda in the united states, two other pieces of economic data, the first is the read on december consumer sentiment, due out at 9:55 eastern. forecasts call for sentiment to slip to 82 this month down nearly three months from november. and at 3:00 p.m., we get october consumer credit. as far as futures right now ahead of that report, they are called for slightly downward start to u.s. programming. right now the dow is some 12 points below fair value. the nasdaq is currently gist over three points below fair value and s&p 500 about one point below. todd horowi
president obama and boehner spoke by phone on wednesday and promised to renew the negotiations. hurricane sandy expected to put a big dent in the u.s. jobs report out at 8:30 eastern. nonfarm payrolls are forecast to have risen just 80,000, versus 171,000 in october. it would be the smallest job growth in five months. sandy which truck strustruck at of october battered the east coast, but economists expect a snap back in december. unemployment forecast to hold steady at 7.9%. and besides the...
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Dec 5, 2012
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we want to have obama care. we want to have universal coverage. tell me how we can do this in context of not making your businesses a nightmare. i wish that was the approach of the president. i remember when i went down two towns with bernanke. one was in south carolina and the other was dilapidated. i asked the mayors, they said we went to business and said, what do you need to make this right? and i wish the obama administration would -- >> indiana and illinois. >> the key thing for business competitivene competitiveness with regard to health care, it's the slowest on record. now, you could -- >> it's the recession. >> it could be. >> the slow growth -- >> that wouldn't explain all of it. it does feel like -- of course we need more data points. >> it sharply outpaces inflation. >> not in the last two years. >> it's come down. >> not if you are somebody who is at a small company who is -- >> business is -- the most important there is the growth in the cost of health care. if this is helping to bend the cost curve -- >> if you talk to small busine
we want to have obama care. we want to have universal coverage. tell me how we can do this in context of not making your businesses a nightmare. i wish that was the approach of the president. i remember when i went down two towns with bernanke. one was in south carolina and the other was dilapidated. i asked the mayors, they said we went to business and said, what do you need to make this right? and i wish the obama administration would -- >> indiana and illinois. >> the key thing...
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. >> john boehner and president obama speaking by phone, but no announcement of any upcoming face to face budget talks. earlier the president told the business round table that a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. and in an interview on cnbc, timothy geithner says the gop is making a little bit of practice, but the white house is absolutely ready to go over the cliff if tax rates on the top 2% don't rise. >> our obligation is first do no harl. we need to lift that threat over the economy. and now as part of that, we'd like to put in place as i said a carefully designed mix of reforms to put our fiscal balance in the path of sustainability. as long as there is recognition by the other side that those rates will go up, we think we can reach an agreement on the set of reforms as i said that will be good for the economy. >> republicans were quick to hit back. orrin hatch called them stunning and irresponsible, but there may be more cracks in the ranks. "washington post" reports some moderate an
. >> john boehner and president obama speaking by phone, but no announcement of any upcoming face to face budget talks. earlier the president told the business round table that a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. and in an interview on cnbc, timothy geithner says the gop is making a little bit of practice, but the white house is absolutely ready to go over the cliff if tax rates on the top 2%...
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. >> anything short of marginal rates, here's the times today, obama's end to giving in. there's a big piece in the journal also about that quoting all these leading democrats saying the president has to hold firm this final they're tieing a whole four years to this, the way this goes, so goes the next four years. so far he's under enormous pressure to stand pat. and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope for a voiding what a lot of people think is a calamity. >> but leadership isn't calling the other side names. i think when you talk about the big four, boehner, reid, pelosi -- >> no, not them. >> obama is on the legislative branch. we have to give him a break on that. but there are four big people. those four people couldn't be more inept. >> it's boehner -- the mcconnell and pelosi and reid have nothing to do with what's going on between boehner and obama. >> to some extent that's true. >> reid is the guy that pushed obama to extend the bush tax rates in 2010. so reid would i suspect -
. >> anything short of marginal rates, here's the times today, obama's end to giving in. there's a big piece in the journal also about that quoting all these leading democrats saying the president has to hold firm this final they're tieing a whole four years to this, the way this goes, so goes the next four years. so far he's under enormous pressure to stand pat. and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope...
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56% thought obama and democrats would. only 43% thought the republicans would. will the president not act in good faith? 38% thought president wouldn't act in good faith. 51% thought republicans wouldn't act in good faith. but if there's no deal and the country goes over that fiscal cliff, taxes go up for everyone, mandatory spending cuts go into effect, a lot of folks are going to say where was the president? he was just re-elected. why couldn't he put together a package, a deal to avoid this disaster? >> i think this is a question of political leadership. and as that poll showed, there's no doubt that the president has the political advantage going into this. but at some point, and i think we're kind of getting close to it, the president has to be able to pivot and to say how do i turn this political advantage into a real policy accomplishment? and, wolf, i don't think you're going to do that with continued campaign style events like we just saw meeting with middle class families. okay. we get that. that occurred during the campaign. the white house has clearl
56% thought obama and democrats would. only 43% thought the republicans would. will the president not act in good faith? 38% thought president wouldn't act in good faith. 51% thought republicans wouldn't act in good faith. but if there's no deal and the country goes over that fiscal cliff, taxes go up for everyone, mandatory spending cuts go into effect, a lot of folks are going to say where was the president? he was just re-elected. why couldn't he put together a package, a deal to avoid this...
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are you listening, lawmakers and president obama? facebook.com/car facebook.com/carolcnn if you would like to continue the conversation. thanks for the responses. i appreciate t
are you listening, lawmakers and president obama? facebook.com/car facebook.com/carolcnn if you would like to continue the conversation. thanks for the responses. i appreciate t
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president of the united states, barack obama. >>> the poem is called "other." it's written by a beautiful young woman. her name is neo. sadly, that word other is how people are forced to describe ethnicity because they don't fit if a certain box. she says she was too light skinned for the black kids she grew up around. teasing and taunts of childhood still haunt her today. soledad o'brien tells her story. >> it's a poem about her life. but neo jones is struggling to recite it it aalways called me white girl. i was never ashamed of myself until they taught me to be ashamed. >> reporter: she calls it "other" or the biracial poem. it's about being bullied by black kids. >> i remember the taunts well in to the nights. the brands of vanilla took years to fade. >> reporter: now the tough part. she has to perform it at the first spoken word poetry competition of the season. it's painful. >> i pretended. no black mother to explain how this tall white man ended up with a short chestnut skinned girl. they doubted he was ever my father. >> reporter: seven hours until show
president of the united states, barack obama. >>> the poem is called "other." it's written by a beautiful young woman. her name is neo. sadly, that word other is how people are forced to describe ethnicity because they don't fit if a certain box. she says she was too light skinned for the black kids she grew up around. teasing and taunts of childhood still haunt her today. soledad o'brien tells her story. >> it's a poem about her life. but neo jones is struggling to...
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president obama made a very pointed warning publicly to the syrian leadership. secretary clinton has done that twice on her current trip. secretary clinton will be meeting with the russian foreign minister and the u.n. mediator in syria today in brevlin. >> let's talk about those meetings. >> you can be sure that this issue of chemical weapons will be at the top of the list. >> no question about that. what are the options there? what can the international community do at this point if, in fact, they are already in a position where they're loading these components on to the weapons? >> well, one is this public message from the united states, from the nato secretary general and from the russians. the syrian government, including assad personally, will be held accountable. second is perhaps to see if the russians can use their influence. they're the big egest arms supplier to syria, the biggest ally that syria has, to dissuade the syrians from letting this chemical weapons loose or using them against the rebel alliance. if assad should fall and there's a chaotic pe
president obama made a very pointed warning publicly to the syrian leadership. secretary clinton has done that twice on her current trip. secretary clinton will be meeting with the russian foreign minister and the u.n. mediator in syria today in brevlin. >> let's talk about those meetings. >> you can be sure that this issue of chemical weapons will be at the top of the list. >> no question about that. what are the options there? what can the international community do at this...
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. >> president barack obama and gop leaders held one face to face meeting on the fiscal cliff since the election. that meeting took place more than two weeks ago. >>> the kansas city chiefs suited up and took the field today against carolina. that's despite the shock and horror of yesterday's suicide of linebacker jevon belcher. stay right there with full details in a full report on cnn in just a minute. >>> high winds and heavy rain are pummeling the northwest. the rainfall will continue throughout the day. some places have already seen a foot of rain since yesterday. people living in northern california, oregon and washington state are bracing for rising rivers and possible mudslides. >>> supporters of mohammad morsi blocked the high court from indefinitely suspending all court sessions. that would suspend a ruling on the drawing up of egypt's new constitution. president morsi declared his decisions are now immune from judicial oversight. >>> it is a frightening and deadly scene in japan. just look at this. at least two cars are still trapped inside a highway tunnel after a massive se
. >> president barack obama and gop leaders held one face to face meeting on the fiscal cliff since the election. that meeting took place more than two weeks ago. >>> the kansas city chiefs suited up and took the field today against carolina. that's despite the shock and horror of yesterday's suicide of linebacker jevon belcher. stay right there with full details in a full report on cnn in just a minute. >>> high winds and heavy rain are pummeling the northwest. the...
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presumably president obama has seen these polls. so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in over 80 years and are paying the lowest effective tax rate they paid in over a half a century. we also have a looming budget deficit. so you don't have to really be a rocket scientist to understand that the rich do have to pay more. taxes do have to be raised on the rich and i think that's why over 60% of the public in these polls are not only supportive of a tax increase on the rich, but also will blame the republicans if we go over the fiscal cliff. and this gives frankly, this gives the white house
presumably president obama has seen these polls. so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total...
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it's been 16 days since president obama and congressional leaders gathered to talk about how to avoid the fiscal cliff, the automatic spending cuts and tax increases that go into effect january 1. >> i think we're farther apart but we're coming together. >> i think we're nowhere, period. >> thursday treasury secretary tim geithner presented obama's plan, including $1.4 trillion in tax increases. >> there's not going to be an agreement without rates going up. >> president obama also proposed a $16 billion of spending cuts. >> i'm just flabbergasted. i looked at him and said you can't be serious. >> the house speaker says republicans put increased revenues including efforts to close tax loopholes and put the tax cuts on the table instead of raising tax rates for anyone. >> if there's another way to get income from upper income americans that doesn't hurt our economy, then why wouldn't we consider it. >> those are publicly unchanged deadlines. whether political theater or political reality, there's more to going over the fiscal cliff far beyond hypothetical. >> i think we're going over t
it's been 16 days since president obama and congressional leaders gathered to talk about how to avoid the fiscal cliff, the automatic spending cuts and tax increases that go into effect january 1. >> i think we're farther apart but we're coming together. >> i think we're nowhere, period. >> thursday treasury secretary tim geithner presented obama's plan, including $1.4 trillion in tax increases. >> there's not going to be an agreement without rates going up. >>...
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president obama is taking this sort of outside strategy where as we saw him last week he goes outside of washington. he'll be giving remarks to the business roundtable this week, meeting with business leaders tomorrow. other stakeholders this week and he's trying to kind of put some pressure on congress and learn from a mistake that he made you might say during say the debt ceiling negotiations where you saw these meetings with congressional leaders but there really wasn't a whole lot of payoff and didn't make the president look particularly effective. an issue to be resolved is to tackle entitlement reform. you have the white house and republicans saying you need to put meat on the bones and going back and forth. listen to what republican senator bob corker said. >> i think the really discussions around the fiscal cliff haven't even begun to be serious yet and the reason they haven't is we have really not begun to talk about real entitlement reforms and the only way of a true avoidance and until the debate moves to that point there's really no serious debate taking place and i think,
president obama is taking this sort of outside strategy where as we saw him last week he goes outside of washington. he'll be giving remarks to the business roundtable this week, meeting with business leaders tomorrow. other stakeholders this week and he's trying to kind of put some pressure on congress and learn from a mistake that he made you might say during say the debt ceiling negotiations where you saw these meetings with congressional leaders but there really wasn't a whole lot of payoff...
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obama inside to gree seven very different artists. >> it's very rare to see led zeppelin songs being sung at the same time as david letterman jokes are being told. it's going to be a great show. >> reporter: this will be bob dickinson's 20th kennedy center honor show. he said there's imagine nick the room. three surviving members of led zeppelin are included. this was their concert in 2007. john paul jones, jimmy page, and robert plant. their songs are as epic as their more than 100 million records sold in the u.s. it's one kind of electric performance. this is another. the russian-born prima ballerina danced with the royal ballet. she performed during the kennedy center honors in 1981. now others will perform for her. >> chicago, thank you very much. i'll never leave. >> blues man buddy guy got a sendsoff for the honors. he went on to win six grammy awards. honoree dustin hoffman said when he grew up, movie stars didn't look like he did. more than 50 films later, he has two best actor oscars. honoree david letterman has more than 5,000 television broadcasts under his belt. he's bein
obama inside to gree seven very different artists. >> it's very rare to see led zeppelin songs being sung at the same time as david letterman jokes are being told. it's going to be a great show. >> reporter: this will be bob dickinson's 20th kennedy center honor show. he said there's imagine nick the room. three surviving members of led zeppelin are included. this was their concert in 2007. john paul jones, jimmy page, and robert plant. their songs are as epic as their more than 100...
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the obama administration has laid out its plan calling for $1.6 trillion in new taxes. that includes letting the bush era tax cuts expire for those earning more than $250,000 a year. it's also pushing for a new $50 billion stimulus package and offering $400 billion in new cuts to medicare and other entitlement programs. but republican house speaker john boehner flatly rejected the plan on the table and what he calls the white house's unwillingness to compromise. >> i was just flabbergasted. i looked at him, i said, you can't be serious. i've never seen anything like it. you know, we've got seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. >> you know, i think right now the best thing to do is for them to come to us and say, look, here's what we think makes sense. we've told them what we think makes sense. what we can't do is try to figure out what's going to be good for them. they have to come tell us. >> house minority leader and democrat nancy pelosi also jumping into the fray. she's renewed threats
the obama administration has laid out its plan calling for $1.6 trillion in new taxes. that includes letting the bush era tax cuts expire for those earning more than $250,000 a year. it's also pushing for a new $50 billion stimulus package and offering $400 billion in new cuts to medicare and other entitlement programs. but republican house speaker john boehner flatly rejected the plan on the table and what he calls the white house's unwillingness to compromise. >> i was just...
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benghazi and obama's second term. former hewlett-packard ceo carly fiorina. i'm candy crowley. and this is "state of the union."
benghazi and obama's second term. former hewlett-packard ceo carly fiorina. i'm candy crowley. and this is "state of the union."
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in his weekly address, president obama says he is ready to make a deal but wouldn't accept continued tax cuts for the wealthiest people. >>> the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. and if we can just get a few house republicans on board, i'll sign this bill as soon as congress sends it my way. but, it is unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the richest americans. >> republicans say tax hikes on the wealthy mean tax hikes for small businesses, something they insist they cannot accept. here is long-time gop senator orin hatch. >> unfortunately, some on the other side of the aisle are indicating a disastrous thelma and louise idea, that will put us in jeopardy, for small business and other parts of the economy. >> they agreed that tax cuts should be renewed for everybody making less than $250,000 a year. but democrats want the tax cuts for the very wealthy to expire. >>> and re
in his weekly address, president obama says he is ready to make a deal but wouldn't accept continued tax cuts for the wealthiest people. >>> the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. and if we can just get a few house republicans on board, i'll sign this bill as soon as congress sends it my way. but, it is unacceptable for some republicans in congress to hold middle class tax...
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. >> reporter: it's been 16 days since president obama and congressional leaders met to talk about how to avoid the fiscal cliff. the automatic spending cuts and tack increases that begin to kick in if there's no agreement by january 1st. 16 days to get here. >> i think we're far apart still, but i think we're moving closer together. >> i would say we're nowhere, period. we're nowhere. >> reporter: thursday treasury secretary timothy geithner proposed president obama's plan which included $1.6 trillion in tax revenue coming largely from an expiration of bush era tax cuts for families who make more than $250,000 a year. geithner says that's a must. >> there's not going to be an agreement without rates going up. >> reporter: the administration's plan also included $50 billion in new stimulus spending. boehner says the entire proposal represented three weeks of wasted time. >> i was just flabbergasted. i looked at him and said you can't be serious. >> reporter: the house speaker says republicans have put increased revenues, including efforts to close tax loopholes and reform the tax code,
. >> reporter: it's been 16 days since president obama and congressional leaders met to talk about how to avoid the fiscal cliff. the automatic spending cuts and tack increases that begin to kick in if there's no agreement by january 1st. 16 days to get here. >> i think we're far apart still, but i think we're moving closer together. >> i would say we're nowhere, period. we're nowhere. >> reporter: thursday treasury secretary timothy geithner proposed president obama's...
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obama inside to greet seven very different artists. >> it's very rare to see led zeppelin songs being sung at the same time as david letterman jokes are being told, but i think it's going to be a great show. >> reporter: this will be balk dickinson's 20th kennedy honor show. he says there's imagine nick the room because there are no nominees here, no losers. all honorees have earned their place. british band led zeppelin will be here. their songs like "stairway to heaven" are as epic as their songs in the u.s. it's one kind of performance. this is another. russian-born natalia danced with the royal ballet. she performed accident occurring the kennedy center honors in 1981. now others will perform for her. >> chicago, thank you very much, i love you and will never leave. i'll leave but i'll be back. >> reporter: buddy guy got a chicago sendoff for his honors. he was born into a louisiana family and went on to win six grammy awards. honoree dustin hoffman said when he grew up, movie stars didn't look like he did. more than 50 films later he has two best actor oscars including this one f
obama inside to greet seven very different artists. >> it's very rare to see led zeppelin songs being sung at the same time as david letterman jokes are being told, but i think it's going to be a great show. >> reporter: this will be balk dickinson's 20th kennedy honor show. he says there's imagine nick the room because there are no nominees here, no losers. all honorees have earned their place. british band led zeppelin will be here. their songs like "stairway to heaven"...
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the obama administration drawing a line in the sand over tax hikes. the two sides seem further apart than ever with less than
the obama administration drawing a line in the sand over tax hikes. the two sides seem further apart than ever with less than
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this is president obama in his weekly radio address. >> both parties say we should keep middle class taxes low. the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. and if we can just get a few house republicans onboard, i'll sign this bill as soon as congress sends it my way. but it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on the wealthiest americans. >> in the republican response, senator orrin hatch takes th s hostage metaphor one step further and brings to mind a memorable movie scene. >> unfortunately, some on the other side of the aisle are offering a disastrous thelma and luiz strategy that would take us over the cliff, putting millions of middle class families and our already weakened economy in further jeopardy. >> negotiations will continue on capitol hill next week. president obama has said he wants to get a deal done by christmas day. >>> there is no way to avoid the elephant in t
this is president obama in his weekly radio address. >> both parties say we should keep middle class taxes low. the senate has already passed a bill to keep income taxes from going up on middle class families. democrats in the house are ready to do the same thing. and if we can just get a few house republicans onboard, i'll sign this bill as soon as congress sends it my way. but it's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they...
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those were president obama's words for the syrian president. a stern warning for bashar al assad, the man who many fear may be about to unleash chemical weapons on his own people. >> today i want to make it absolutely clear to assad and those under his command, the world is watching. the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons, there will be consequences and you will be held accountable. >> this warning here after a u.s. official tells cnn that syria has begun mixing chemicals that could be used to make the deadly gas sarin. bob bear, i'll bring you in, cnn contributor, former cia officer. welcome back. before we talk about the specifics of sarin, let me just throw this at you. is it possible at all that this man, this mad man, bashar al assad, is bluffing? >> oh, i don't think he's bluffing. we have to consider what he represents and that's a very small community, which feels under threat. it thinks it will be destroyed by sunni fundamentalists if it loses damascus
those were president obama's words for the syrian president. a stern warning for bashar al assad, the man who many fear may be about to unleash chemical weapons on his own people. >> today i want to make it absolutely clear to assad and those under his command, the world is watching. the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons, there will be consequences and you will be held accountable. >> this warning...
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on tuesday, president obama is going to have some company. he's going to be meeting with the governors at the white house. he's going to be talking, of course, about money, how to keep our economy growing, and of course hopefully reduce the deficit as well. very busy day there at the white house. on thursday, we have all our eyes on washington. two controversial changes in washington state, same-sex marriage becomes legal on thursday in washington state. we'll also be looking at marijuana. adults over 21 can legally carry up to an ounce of pot, sort of. the federal government still says pot is an illegal drug. that's how they're going to do it in washington on thursday. and on friday, we'll be watching for the jobs report. this is the november jobs report. in october, 171,000 jobs were add a added, you may recall. experts think superstorm sandy could affect this. a lot of people having a hard time getting around, power is out. really put a lot of folks behind. we'll see how that goes. on saturday, a big day for college football fans. heisman
on tuesday, president obama is going to have some company. he's going to be meeting with the governors at the white house. he's going to be talking, of course, about money, how to keep our economy growing, and of course hopefully reduce the deficit as well. very busy day there at the white house. on thursday, we have all our eyes on washington. two controversial changes in washington state, same-sex marriage becomes legal on thursday in washington state. we'll also be looking at marijuana....
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it's remained loyal through all these obama years. and there's lots of pressure on her -- i think some of james and his colleagues might believe that she would somehow lessen the primary opportunities. but woman or man, whatever, what i've noticed in politics is that people are competitive. and i don't think she clears out the primary if she gets in. >> let's move on to this whole debate that's going on involving who the president should nominate to be the next secretary of state replacing hillary clinton. a little exchange between john mccain and john kerry earlier today. watch this. >> senator mccain? >> thank you very much, mr. secretary. >> i think thank you very much, mr. president. this is what happens when you get two losers up here. we're just having fun. >> so here's the serious question, though, i'll start, james, with you, once again. who do you think would be a better secretary of state? would it be john kerry, the chairman of the senate foreign relations committee, or susan rice, the u.s. ambassador to the united nations?
it's remained loyal through all these obama years. and there's lots of pressure on her -- i think some of james and his colleagues might believe that she would somehow lessen the primary opportunities. but woman or man, whatever, what i've noticed in politics is that people are competitive. and i don't think she clears out the primary if she gets in. >> let's move on to this whole debate that's going on involving who the president should nominate to be the next secretary of state...
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you'll see president obama meeting with the prime minister of bulgaria. take a look the. >> obviously there are very strong bonds between our two countries including many bulgarian americans in my hometown of chicago that reminds us of the strong people to people relationship between the united states and bulgaria. >> and just quickly, a couple of reporters shouted some questions out after the president finished speaking on fiscal cliff. the president did not answer. >>> an nfl player murders his girlfriend, kills himself, and leaves their infant daughter without a mom or a dad. as investigators are searching for the -- to answer the question why, could the chiefs, the football team he played for, be played for, be held accountable for jovan belcher's actions? we're on the case with joey jackson next. ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. i've got a nice long life ahead. big plans. so when i found out medicare d
you'll see president obama meeting with the prime minister of bulgaria. take a look the. >> obviously there are very strong bonds between our two countries including many bulgarian americans in my hometown of chicago that reminds us of the strong people to people relationship between the united states and bulgaria. >> and just quickly, a couple of reporters shouted some questions out after the president finished speaking on fiscal cliff. the president did not answer. >>> an...
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we will be talking with stephanie cutter, the former companisy campaign manager of president obama's re-election campaign. howard kurtz the host of "cnn's reliable sources" lauren ashburn, republican from texas, congressman jeb hensarling with us, randy weingarten, president of the american federation of teachers. all guests this morning. wednesday, december 5th, and "starting point" begins right now. >>> our "starting point" this morning, president obama putting his foot down. he says no tax hikes for the wealthy, no deal. america hits that fiscal cliff in 27 days and that means tax hikes and deep spending cuts if the democrats and the republicans can't come together in some kind of a deal and with just ten days remaining until congress is scheduled to go home for the holidays, the clock ticking. here's what he told bloomberg news. listen. >> we're going to have to see the rates on the top 2% go up and we're not going to be able it to get a deal without it. >> we start this morning with white house correspondent dan lothian, he's in washington, d.c. okay. so who's got the ball in th
we will be talking with stephanie cutter, the former companisy campaign manager of president obama's re-election campaign. howard kurtz the host of "cnn's reliable sources" lauren ashburn, republican from texas, congressman jeb hensarling with us, randy weingarten, president of the american federation of teachers. all guests this morning. wednesday, december 5th, and "starting point" begins right now. >>> our "starting point" this morning, president obama...
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president obama has also warned there would be consequences. last night on out front a former deputy assistant secretary of state spoke about the dangers of the assad regime. >> this regime is a real problem for us, it aligns with iran, its possession of chemical weapon, weapon of mass destruction, its human rights record, its support of terrorism, you know, this is a regime we'd like to get out of the way. but we don't want to see it replaced with people we don't support, either. >> the syrian foreign ministry denies they have plans to use chemical weapons. >>> new evidence coming to light in the trayvon martin investigation. a picture of suspect george zimmerman released by his attorney reportedly taken by a police officer the night zimmerman shot and killed martin. the bloody picture itself isn't new, but the fact that it's a high revolution color photo is. zimmerman's attorney says it gives the case more context. >> is it devastating? no. but it's just one piece of evidence that shows what george was going through that night, and why he rea
president obama has also warned there would be consequences. last night on out front a former deputy assistant secretary of state spoke about the dangers of the assad regime. >> this regime is a real problem for us, it aligns with iran, its possession of chemical weapon, weapon of mass destruction, its human rights record, its support of terrorism, you know, this is a regime we'd like to get out of the way. but we don't want to see it replaced with people we don't support, either....
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president obama and the house speaker spoke for a short time yesterday. nobody knows exactly what they said. and president obama is going to talk to a family in virginia, sort of a deal to get -- why don't both sides go to camp david, lock themselves behind closed doors and come up with a deal? why a pr stunt, visiting voters when that's not going to get a deal done with republicans. >> i certainly would welcome that. i think most americans would. i think what the white house is doing -- and i think it's smart -- making sure that this conversation stays where it should be, with the middle class. the white house has been raising this point. they have this #my2k, explaining to republicans and the country, we can't afford for $2,000 more to hit our tax bill. it's important for the american people to stay engaged and the white house has to keep the american people engaged and this family will be speaking for a lot of people. it doesn't make any sense, even the polls show that the wealthy are willing to pay more taxes. for some reason republicans have dugged t
president obama and the house speaker spoke for a short time yesterday. nobody knows exactly what they said. and president obama is going to talk to a family in virginia, sort of a deal to get -- why don't both sides go to camp david, lock themselves behind closed doors and come up with a deal? why a pr stunt, visiting voters when that's not going to get a deal done with republicans. >> i certainly would welcome that. i think most americans would. i think what the white house is doing --...
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>> if you were obama, who would you pick? >> final question. >> it does no good to play the name game. >> you can dodge my question but not abby's. >> let's say this about the future. the future isn't afghanistan or iraq but how well prepared we are to meet the 21st century challenges of competitiveness. that will be economics, education. it will play out over the pacific ocean. why was it that the president and governor romney sat at lunch and talked about america's global leadership? >> ambassador huntsman, you're welcome to stay with us the whole show. we would love to have the father and daughter team around. >> i can't compete with abby or marianne or libby, any of my daughters. i'm not even close to their league. >> thanks, dad. >> we'll hang on to your daughter the rest of the hour if that's okay with you. >>> random act of kindness that quickly went viral thanks to one single photo. we will have the police officer who bought boots for a homeless man on a freezing cold night. t . you won't take our future. aids affects
>> if you were obama, who would you pick? >> final question. >> it does no good to play the name game. >> you can dodge my question but not abby's. >> let's say this about the future. the future isn't afghanistan or iraq but how well prepared we are to meet the 21st century challenges of competitiveness. that will be economics, education. it will play out over the pacific ocean. why was it that the president and governor romney sat at lunch and talked about...
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obama asked mr. romney to play an important role going forward, even the president has acknowledged romney's skill in making things, like the olympics, run better. but the track record for post election pow wows is not exactly good. after the 2008 election, mccain and obama met and vowed to work together on economic issues and look at them now. they're not exactly best buds. just say the word benghazi, and ooh, watch the sparks fly. still, it could be a win-win for both men. for obama, a chance to show a bipartisan spirit, and for romney, a chance to rehabilitate his image after being excoriated by both democrats and republicans for saying americans who voted for obama wanted free stuff. so the "talk back" question today. what should come of the obama-romney lunch i don't know. facebook.com/carolcnn. your comments later this hour. s. ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investin
obama asked mr. romney to play an important role going forward, even the president has acknowledged romney's skill in making things, like the olympics, run better. but the track record for post election pow wows is not exactly good. after the 2008 election, mccain and obama met and vowed to work together on economic issues and look at them now. they're not exactly best buds. just say the word benghazi, and ooh, watch the sparks fly. still, it could be a win-win for both men. for obama, a chance...
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president obama put out his plan. the republicans rejected it. the republicans put out a plan yesterday, and the president rejected it. what should we make of this? >> reporter: well, right now it shows at least publicly both sides are fully entrenched in not wanting to budge on some very specific issues. the president wanting taxes to go up on wealthy americans, those extension only for middle class americans. republicans saying no way at all, and beyond that while they might have some agreement on other issues, those remain the sticking points. i did hear from an administration official a short time ago who told me no update whatsoever when i asked whether or not there would be some counteroffer, i guess, the counteroffer from republicans. so that remains the big sticking point, and it appears that until there's some movement on that, there really won't be an agreement. >> and before you go, i understand speaker boehner and the president were at a holiday reception and, well, what happened? >> well, you know, as you know what happens every year
president obama put out his plan. the republicans rejected it. the republicans put out a plan yesterday, and the president rejected it. what should we make of this? >> reporter: well, right now it shows at least publicly both sides are fully entrenched in not wanting to budge on some very specific issues. the president wanting taxes to go up on wealthy americans, those extension only for middle class americans. republicans saying no way at all, and beyond that while they might have some...
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he cooked a barack obama doll in a jar of fake urine. not making it up. he was making a point about extreme art. what about respect for the presidency, stay classy, glen. >>> google had acquired a wi-fi provider named icoa for $400 million. the source, a press release. the story? a fabrication. icoa is investigating that hoax. the fake release was posted on pr web and some news outlets thought it was good enough to report without so much as phone call or e-mail to confirm it was the real deal. >>> the media over in the people's republic may be humor impaired. they ran a 55 page photo spread on kim jong-un chosen as sexiest guy alive. with his devastatingly handsome round face his boyish charm and his strong sturdy frame, this pie on yang bred hard throb is every woman's dream come true. >>> in the cynical media age, i was delighted to run into lawrence depreef oh, the police officer that didn't know a tourist was shooting a cell phone picture of him as he helped a homeless man in times square. he said he almost feels unworthy of the media attention since
he cooked a barack obama doll in a jar of fake urine. not making it up. he was making a point about extreme art. what about respect for the presidency, stay classy, glen. >>> google had acquired a wi-fi provider named icoa for $400 million. the source, a press release. the story? a fabrication. icoa is investigating that hoax. the fake release was posted on pr web and some news outlets thought it was good enough to report without so much as phone call or e-mail to confirm it was the...
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the obama administration draws a line in the sand over tax hikes. the two sides now seem further apart than ever before. and we have less than a month to go. >>> soledad, a flood of trouble in the west. widespread destruction as storms pound already soggy parts of northern california. >> lots to talk about this morning. we'll have joe linta, the agent for kansas city chiefs linebacker jovan belcher. also talking to florida republican congressman connie mack. california republican mary bono mack will join us as well. also, carlos gutierrez. former giants runningback tiki barber is with us in the studio. it's monday, december 3rd, and "starting point" begins right now. welcome, everybody. our team joining us around the table. barbara starr, cnn's pentagon correspondent. we were talking this morning, it has been literally four years since we've seen each other in person. >> last time i saw you was inauguration day. >> we talk all the time. in person, four years. kamau bell is a median. new york congresswoman nan hayworth. alina cho sticking around to h
the obama administration draws a line in the sand over tax hikes. the two sides now seem further apart than ever before. and we have less than a month to go. >>> soledad, a flood of trouble in the west. widespread destruction as storms pound already soggy parts of northern california. >> lots to talk about this morning. we'll have joe linta, the agent for kansas city chiefs linebacker jovan belcher. also talking to florida republican congressman connie mack. california republican...
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a curious thing happened in the days following barack obama's election. a group of texans filed a petition. they wanted it can to succeed from the not so united states of america. the movement spread further encompassing each of the 50 states in the unions. it's a ridiculous exercise that will go nowhere. there are some real impulses across the atlantic. europe will have a new state. look at katacatalonia. the vote follows an unprecedented demonstration in september when about one million catalons marched the streets demanding state hood. the entire population is only about 7.5 million. the next step could be a public referendum on breaking away. consider scotland which has already reached that point. in october british prime minister dave cameron agreed to a deal allowing scotts to vote in 2014 as to whether they want to succeed. then there's the strange case of belgium. the people people dutch in the northern region. in the southern region they speech french. the people elected a set of local leaders who want to break away from belgium. why are break aw
a curious thing happened in the days following barack obama's election. a group of texans filed a petition. they wanted it can to succeed from the not so united states of america. the movement spread further encompassing each of the 50 states in the unions. it's a ridiculous exercise that will go nowhere. there are some real impulses across the atlantic. europe will have a new state. look at katacatalonia. the vote follows an unprecedented demonstration in september when about one million...
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president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless but guess what, not homeless. city officials say jeffrey hillman does have stable housing, an parm in the bronx. they say he's lived there rent-free for the past three years. but hillman regularly panhandles in times square. >> a former boy scout who says he was sexually abused is suing is the boy scouts of america. the lawsuit claims his former troop leader, thomas hacker was barred from the group in indiana in the 1970s but was able to rejoin as a volunteer in illinois in the 1980s. hacker was arrested in 1988, later convicted in the aggravated sexual assault of an
president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless...
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what barack obama's proposing is the same bloated bureaucratic government with the same bloated waste but with more tax money. that's what one economist called socialist austerity. the private sector gets weaker, poorer, has fewer jobs, but we prop up government with higher taxes. i think that's a bad deal for america. >> right. let's talk about speaker boehner, though, because he's obviously in your position, the one that you occupied, and there is a sense that he and barack obama just don't have much of a relationship. certainly nowhere near as warm and constructive as the one you ended up having with president clinton. >> first of all, we earned -- you have to ask president clinton this but i think it's a fair thing to say. we earned president clinton's respect in part by closing the government twice and being in a very rough and tumble fight. he came to believe we were serious. we were the first republican congress in 40 years but more importantly, we were the first re-elected republican house since 1928. that happened i think because we showed we actually were serious people will
what barack obama's proposing is the same bloated bureaucratic government with the same bloated waste but with more tax money. that's what one economist called socialist austerity. the private sector gets weaker, poorer, has fewer jobs, but we prop up government with higher taxes. i think that's a bad deal for america. >> right. let's talk about speaker boehner, though, because he's obviously in your position, the one that you occupied, and there is a sense that he and barack obama just...
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listen to this. >> president obama's argument has been that the economy is doing well enough it could handle a tax hike. if the economy were in recession as we saw last time, then he would be reluctant to lift that top rate. if the economy is growing sharply, then if -- the -- some damage from lifting the top rate then maybe the economy can afford it. now the gdp growth number is not as strong as the jobs report. but if we a weak jobs report, then i think the president would have a really, really hard time getting people, even moderate democrats, to increase the marginal rate. the fact it is a strong report, i think, puts wind in the sails. >> wind in his sails. that's not necessarily what the speaker was saying. let's get straight total son kosik live at the new york stock exchange. >> raw numbers. what is the dow doing? >> we are not seeing the wind go in a strong direction towards the positive direction. you are seeing a mixed bag with stocks now. that's because, you know, despite the huge shocker of this report that was a surprise to the upside, investors see it is they are going
listen to this. >> president obama's argument has been that the economy is doing well enough it could handle a tax hike. if the economy were in recession as we saw last time, then he would be reluctant to lift that top rate. if the economy is growing sharply, then if -- the -- some damage from lifting the top rate then maybe the economy can afford it. now the gdp growth number is not as strong as the jobs report. but if we a weak jobs report, then i think the president would have a...
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fist of all, president obama reelected. you must have been a happy man. >> oh, man, i don't even know what to say about that. that's just something that we never in america -- i'm talking about americans in general not just black americans, just americans in general would never view, but just to witness that and the population that he has and it's amazing. >> do you think he's done a good enough job to deserve being reelected? >> absolutely. it's just the republicans did such a bad job not to get elected. he's just awesome. the republican party is going to have to change their whole way of handling politics in order to change because are changing. >> why are the republicans so out of touch? >> you have to have some republican representative and he has to tell you because i have no idea. >> that's very diplomatic of you, mike. >> it's true. >> you're becoming diplomatic in your old age. >> becoming very truthful because it's just unbelievable why people still have the same mentality. >> when you go back to your streets and m
fist of all, president obama reelected. you must have been a happy man. >> oh, man, i don't even know what to say about that. that's just something that we never in america -- i'm talking about americans in general not just black americans, just americans in general would never view, but just to witness that and the population that he has and it's amazing. >> do you think he's done a good enough job to deserve being reelected? >> absolutely. it's just the republicans did such...